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Monroe Capital Supports Recap of Hastings Manufacturing Company

May 03, 2018, 08:01 AM
Filed Under: Manufacturing

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Hastings Manufacturing Company by private equity sponsor, RFE Investment Partners.
Based in Hastings, Michigan and founded in 1915, Hastings is a leading, global manufacturer and supplier of piston rings for combustion engines, both gasoline and diesel, used in a broad range of automotive and industrial applications. In addition to the headquarters and manufacturing facility in Michigan, Hastings operates Piston Rings Komarov, a manufacturing and warehousing facility in The Czech Republic.

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